Gold Coast development: Construction begins on $450m twin-tower Mondrian hotel at Burleigh Heads
More than 1500 new hotel rooms will open on the Gold Coast within a year, right in time for the expected return of international visitors. SEE THE PICTURES
Business
Don't miss out on the headlines from Business. Followed categories will be added to My News.
MORE than 1500 new hotel rooms will open on the Gold Coast within a year, right in time for the expected return of international visitors
New hotel towers are under construction across the city, reshaping the skyline and delivering much-needed new stock.
Among the new projects are The Dorsett at The Star Gold Coast and the Meriton’s 76-storey Ocean in Surfers Paradise which opened its hotel last weekend while still
The latest to break ground is the $450m twin-tower Mondrian project, which includes both a hotel and residential units.
The towers are being built by Vitale Property Group on the former White Horses site on the corner of First Ave and The Esplanade, Burleigh Heads.
The complex will have 208 hotel rooms and 84 luxury residential units.Mondrian Gold Coast will be the first of that hotel chain to be built in Australia by accommodation providers Accor and SBE.
Once open, the buildings will be staffed by more than 200 people.
The two towers will be joined by a three-level podium that will include a state-of-the-art fitness centre, spa, restaurants, and swimming pools, overlooking the beach and Burleigh Headland National Park.
It will be the Coast’s first five-star luxury hotel since Palazzo Versace.
June 7: Record sales in giant $450m Burleigh twin tower hotel
CONSTRUCTION has begun on the Gold Coast’s newest $450 million hotel which includes new record-setting apartments.
Ground has broken on the Burleigh Heads twin-tower project, which includes a five-star Mondrian Hotel, after its developer sold more than $231 million worth of units.
Sales records have again been smashed, with the two full-floor penthouses selling for $10.5 million and $11.7 million respectively, less than a month after the penthouse in Coolangatta’s Awaken Residences sold for $8.15 million.
GOLD COAST LIGHT RAIL: THE TRUE STORY OF OUR TRAMS
Contracts have been signed on the 84 residential units inside the 25-storey towers, with Gold Coast and Brisbane residents making up more than 70 per cent of buyers. The rest came from Melbourne and Sydney.
The towers are being built by Vitale Property Group on the former White Horses site on the corner of First Ave and The Esplanade.
“We are pleased with the outstanding results our sales and marketing teams achieved in such a short time frame and are looking forward to delivering a world-class development on the site,” Chris Vitale said.
SOLD: SOUTHERN GOLD COAST’S MOST EXPENSIVE EVER UNIT
FULL DIGITAL ACCESS: JUST $1 FOR FIRST 12 WEEKS
Prices ranged from $799,000 for a two-bedroom unit through to the $11.7 million penthouse.
Eight luxury skyhome units sold for more than $4 million each, while two sub-penthouses went for $7,4 million and $8.5 million respectively. Construction is expected to take 26 months, with the first residents are set to move in by August 2023.
TOTAL Property Group managed the sale of the units and managing director Adrian Parsons said the six-month sell out had defied expectations.
“The sales campaign for Mondrian Gold Coast private residences has been hugely successful, but this development is completely unique and beyond anything else available on the market and buyers of prestige property responded quickly,” he said. “There was no time for delay for those interested in buying an apartment as there were waiting lists for many of the apartments.”
The complex will feature 208 hotel rooms and 84 luxury residential units.
Mondrian Gold Coast will be the first of that hotel chain to be built in Australia by accommodation providers Accor and SBE.
The buildings will be staffed by more than 200 people once open.
The two towers will be joined by a three-level podium which will include a state-of-the-art fitness centre, spa, restaurants, and swimming pools, overlooking the beach and Burleigh Headland National Park.
It will be the Coast’s first new five-star luxury hotel since Palazzo Versace.
Grim figures show cost of lost tourism to Gold Coast
Figures have revealed just how much weak international tourism is costing the Gold Coast amid concern about a loss of routes at the city’s airport. SEE THE FIGURES
First look: Tower to replace old Surfers Paradise unit complex
Plans for an ultra-thin tower next to one of Surfers Paradise’s busiest light rail stations has been unveiled. FIND OUT WHERE